Low home prices and mortgage rates have combined to push home affordability to record levels nationwide. Home buyers are taking advantage.
After 3 consecutive months of easing, the Pending Home Sales Index jumped 10 percent in October, lending credence to the belief that housing is in recovery.
Despite the lowest mortgage rates of all-time, home buyers are slowing the pace at which they're buying homes.
After 3 straight months of gains, the Pending Home Sales Index slipped 1 percent in July.